South Dakota chief investment officer Matt Clark reported to the Legislature’s Executive Board yesterday that, as of December 31, the state investment assets he oversees had grown a meager 0.76% over the end of FY2022:
Over the last six months of 2022, the Dow Jones Industrial average managed to rise 7.5%. The NASDAQ was down over that same period 4.5%. The S&P was up 3.8%.
Mr. Clark better have a Bud Light on that performance.
Is this one of those trust funds you fellows get so antsy about because you are not part of it?
doubtful u have any reading skill but this is what (Republican SD money laundering operation) we are talking about:
https://www.theguardian.com/us-news/2023/may/18/china-mexico-opioid-traficking-us-sanctions
The industry’s growth is supported by the actions of the SDTA and the Governor’s Task Force on Trust Reform and Administration.
In [Rapid City lawyer/occassional Jackley partner Pat] Goetzinger’s words, the SDTA acts as a cheerleader and advocate for the industry, while the governor-appointed task force is a policy group that looks at revisions and amendments to the state’s trust statutes. https://www.siouxfalls.business/growth-of-south-dakotas-trust-industry-continues-to-accelerate/
The race is on to polish and launder the trust industry PR image. Squeaky clean drug and radical militia financiers!!! That’s our SDGOP!
https://www.pbs.org/wgbh/frontline/article/pandora-papers-south-dakota-trusts-us-legislation-enablers-act/
https://dlr.sd.gov/banking/trusts/trust_task_force_documents/executive_order_2017_08.pdf
transparent, it’s not!!!! up-to-date????
Well grudz, my retired brother is. He and his wife just spent a week with us in Florida and soon they will be on cruise in Europe. They were in Mexico just before the visited us. Retirement can be nice.
It is great that the public trust funds can pay for your retired brother to go to Florida and Europe. Having been a retired fellow for some time myownself, I can tell you that some of us without the public trusts need to have our own trusts to fund our trips to Mexico and the Bahamas.
I always knew you were a trust fund baby Grudz.
Work hard, earn money, Mr. Anderson. It is the way.
Work easy. Love life, retire into bliss. It’s a better way, grudz.
Work smart. if it is your passion and you enjoy your workday….it is not work.
My good grudznick, sir. Allow me to finally convey to you, in your final years, the many advantages of working smarter and not harder. It is not enough to simply toil away hour after hour, sweat on your brow and soreness in your back. No, sir. It takes astute social knowledge and astute management skills to make the most of one’s working opportunities. And indubitably, if you cannot lead your staff to work harder and make for you your biggest money, you are not utilizing your life properly. It is not a matter of simple efficiency, it is about triumphing over the toils and travails wrought by the working world. A hard worker earns a penny where a smart worker earns a dime. And it is the latter, not the former, who is the true winner in the money game.